The Arabs Are Coming! Update!

More Middle East money flowing into high-profile U.S.
investments: An Egyptian company is plowing $550 million into
Hollywood's Insomnia Media Group.
Reuters:

Asset management firm Borak joins an expanding group of companies
from the region who are financing Hollywood as U.S. private
equity investors, who have pumped an estimated $10 billion into
the industry in the last three years, have grown more
skittish...
In September, Warner Bros (TWX) set up a film and video game firm
with United Arab Emirates' Aldar Properties (ALDR.AD) and a UAE
media company, with the parties investing $500 million to develop
films, and another $500 million on video games. They will also
develop a theme park, hotel and cinemas in the Gulf Arab
emirate.
In October, Abu Dhabi, capital of the UAE, hosted its first-ever
Middle East International Film Festival, bringing together movie
moguls like producer Harvey Weinstein and other studio executives
with Arab investors.

As
Henry Blodget pointed out yesterday, foreign investment in
the U.S. is always a loaded issue, and right now "the Arabs" seem
ready to become "the Japanese" from the late 80s/early 90s. We're
certainly going to hear more about it during the coming election.
For a preview of what may be to come, check out this
blast from the past, courtesy of the NYT.
Reuters